Department-of-Homeland-Security-SSGuest Post by by Robert Farago

The Department of Homeland Security (DHS) recently raided one of our readers: a kitchen table FFL dealer who does everything—everything—by the book. He has, however, consistently criticized the ATF for its unconstitutional regulations and long history of extra-legal activities. This is his story.

First of all, forget about them coming to the door. They’ll intercept you on your way home from the Doctor’s office (for example), then one vehicle will come up behind you and two will block your way in front and turn on the flashing lights. They then jump out with ‘real’ assault rifles, point them at you and order your hands up, and exit the vehicle.  You, being a law abiding citizen, comply. At gunpoint, they order you to assume the position against your car, handcuffs you and frisk you, and you’re directed to get into the back seat. Then the lead agent gets into the driver seat and drives your car to your driveway. You sit there with cuffed hands behind you – bleeding.

imagesThe beatdown in the gold and silver markets continued overnight and early in COMEX trading Wednesday ahead of this afternoon’s release of the latest Fed meeting minutes at 2pm EST.   Silver has broken below $29 to $28.81, and gold is back under $1600, down another $15 to $1586.

*Update: and vertical drop now in progress!

While the market waits in anticipation of the Fed minutes’ release at 2pm and gold and silver are slammed again, we thought we would lighten the mood ahead of the inevitable gold and silver raid scheduled to launch the moment the propaganda filled minutes are released (looks like the raid began ahead of schedule today).
Look for Fed members to claim QE will be ending some point during the 2nd half of 2013.

To lighten the mood, Obama shot-gun photo shoot Caption Contest!

CaptionContest

globalization dominoGuest Post By Bill H.

The G-20 met this past week and issued statements warning against “currency wars”.  But what is it that they are really saying?  In reality they are warning against trade wars because we know what these ultimately lead to…real wars.  But what is the alternative for countries like Japan?  They have levered their economy to the hilt at the behest of U.S. and IMF rocket science economists and their market share has shrunk.
If they don’t knock the legs out from under their currency they will watch deflation set in further and bury their economy and financial system.

Bloomberg blonde: Why would anyone want to own gold? It’s a safe haven during times of crisis and things are getting better, and it doesn’t pay a dividend and George Soros is selling 100 million of his gold holdings.

Jim Steel: Well you don’t get much of a yield on most things. Negative real interest rates is supportive of gold bullion going forward  and also there is still uncertainty in the currency markets and gold is an alternative form of currency.

Bloomberg blonde: We haven’t really seen a lift from the currency wars rhetoric?

Jim Steel: Still its within a broad range that the bull market is still intact. Don’t forget it was only a few years ago when Obama took office and gold was around $900/oz.

Readers may have noticed that SilverDoctors was down for approximately 90 minutes this morning, precisely co-inciding with The Doc’s interview with legendary silver expert Eric Sprott.  Our IT team can now confirm that SD sufferred a co-ordinated malicious Apache flood attack at 7:49am EST this morning, with 5 anonymous IP addresses simultaneiously attacking SD’s dedicated server.
This comes on the heels of KWN and USAWatchdog sites being attacked during their recent interviews with Sprott.

iou silverCOMEX silver futures traded an all-time daily record of 376,301 contracts today, surpassing the previous record of 319,204 contracts set on April 26th, 2011.   The volume traded in the front month of March alone was a record setting 354,295 contracts!

To put the number in perspective, 376,301 contracts represents 1.88 billion ounces of paper silver, or approximately 2.5 years of the entire global silver mine production!

The 1.88 billion ounces of paper silver traded Tuesday amounts to 902 days of global silver production!!

1.88 billion ounces of paper silver dumped on the market in one day, and all Blythe could induce was a mere .50 decline in the price of silver.

*Updated 9am 2/20: CME has scrubbed the data, now reporting only 97,975 contracts traded yesterday

black marketBy SD Contributor SRSrocco:

I don’t even care about the paper moves in GOLD & SILVER.  There is nothing else to put ones “SURPLUS WEALTH” into other than physical gold and silver.   You just have to be smart and save your gold and silver for the up coming BLACK MARKET.  That is where its real value will be seen.
If you are buying gold and silver and do not have a paid for home in the country… you are doing so at a risk.  If you are buying gold and silver without a 1-2 years worth of food… you are doing so at a risk.

If you have those two fundamental requirements… there is nothing left to buy but gold & silver. 

vampire squid goldman Jim Sinclair has sent subscribers another alert imploring precious metals investors to sit tight and hang on to their physical gold during the current cartel smash, and not to be hoodwinked by the demonic sociopath bankster gold banks.
Sinclair states that the banksters are attempting to separate physical gold from long-term cash investors via the current gold correction, just like they did in 1979-1980 prior to gold’s explosion to $850.

Sinclair again re-iterates that gold is going to and through $3,500/ oz because of what has already happened in the financial system, and states that not one more dollar of easing or stimulus is required (although it will continue) to send gold through $3,500/oz.

Sinclair’s full alert is below:

Jim Rickards, author of “Currency Wars”, speaks with Jim Puplava on Financial Sense Newshour to discuss the new age of global financial warfare and its potential outcome on savers and investors around the world.   Rickards states that we are experiencing the start of traditional war games using financial warfare only, and that the global currency wars will continue to escalate as Currency War 3 has just begun.

Rickards’ interview is below:

imagesThe biggest critic of the Fed this side of Ron Paul was on CNBC today discussing global Central Bank currency devaluation.

Grant states that Western Central bankers are attempting to out print the Bernank himself:
Central Banks the world over are going from ease to hyper-ease, and people we thought were extremely radical in their monetary predilections like Bernanke are about to be out-flanked by others still more radical!  So the monetary revolution is devouring it’s children!

Grant states that the Fed is at war on the price mechanism:  The Fed will not acknowledge that it is suppressing prices, that what it is doing is a species of price controls.  Interest rates are prices, and the Fed is manipulating them at the level, & they’re manipulating them on the yield curve!

Regarding the future of QE, Grant states that: The Fed’s hand will be forced by circumstances.  The Fed seems to think that it is in control of events, when in fact events will be in control of the Fed.

 Jim Grant’s full MUST WATCH interview is below:

Is the end near for the TSX Venture Exchange, the victim of “algo traders,” low volume and lack of institutional investors? If newsletter writer John Kaiser is right, as many as 500 of the 1,484 resource companies listed on the Venture Exchange will go under this year due to lack of money in the bankIn this Gold Report interview, Kaiser suggests that a crowd-sourced valuation system may give the investors the information they need to invest with confidence and fend off the proprietary traders.

The pound took a fresh beating yesterday as concerns of currency wars and debasement of sterling led to another sell-off and experts said the currency was at risk of a “large-scale devaluation”. Sterling trails only Japan’s yen as the worst performer against a basket of international currencies this year as a 4.5 per cent decline fuels import prices and pushes up the cost of food, insurance and other necessities for hundreds of thousands of households.  As central banks tolerate higher levels of inflation, the pound is set to weaken further across the board particularly against safe haven gold. UBS warned that the pound seems clearly at risk of following the yen and “suffering the next large-scale devaluation.” Dealers also noted weekend comments from Bank of England rate-setter Martin Weale, who warned the pound was still too high to help the UK economy rebalance effectively. The continued pressure on the currency comes after its biggest weekly loss since June last year amid gloom over weak growth prospects.  The Bank of England has signalled it is willing to tolerate higher inflation for longer, while the pound’s safe-haven appeal has also waned as the European Central Bank makes explicit commitments to prop up Eurozone strugglers and preserve the single currency.

cartel blitzkriegSean from SGTreport.com has released an interview with Andy Hoffman discussing the latest attacks on gold and silver and says, “For the first time I’ve ever seen the cartel doesn’t even use cover any more. They have been hitting gold and silver with impunity. It’s the most oversold I’ve seen in at least three years, and all the fundamentals are stronger than they’ve ever been. I would say that today is the most undervalued gold and silver prices have been in my entire 11 years in this sector.”

Ranting Andy’s full interview with SGTreport is below: